Page 12 - Unlocking innovation

table 1: contributions to loans and other technical Assistance projects
subproject
loan/technical Assistance
impact
Activity 1
Activity 3
Activity 4
loan 3574 (pakistan): Central Asia Regional Economic Cooperation Corridor Development Investment Program-Tranche 1
(approved Sep 2017)
Ta 9288 (regional): Strengthening Government and Civil Society Cooperation and Civil Society Cooperation in Open Government Partnerships to Improve Public Services (approved Dec 2016)
Ta 9017 (regional): Unlocking Innovation for Development
Ta 8332 (regional): Developing Impact Evaluation Methodologies, Approaches and Capacities
Ta 9592 (regional): Deepening Civil Society Engagement for Development E ectiveness Ta 9534 (regional): Enhancing ADB Support for Social Protection to Achieve the SDGs
Ta 9170: Promoting Smart Systems in ADB’s Future Cities Program (approved Sep 2016) loan 46925-014 (georgia): TBC Bank Promoting Financial Sector Growth and Service Diversity (approved Jan 2013)
loan 3072 (mongolia): Payment System Modernization Project (approved Nov 2013) Ta 9364: Strengthening Financial Sector Operations in Asia and the Paci c
Ta 9166 (philippines): Financial Inclusion Framework Strengthening (approved Aug 2016) Reducing Income Inequality through Financial Inclusion Program (pipeline)
Provided road safety input to the existing loan projects and establishing the Pakistan Road Assessment Program.
Catalyzed TA funding of approximately $500,000 under TA 9288.
Demonstrated how social accountability mechanisms can strengthen service delivery in health and education, informed dialogue for policy- based loans, and project replication supported by the Government of East Java.
Catalyzed funding from three other sources within ADB (total $521,000) and then more than matched it with contributions worth $1.61 million from country counterparts to increase total funding from $720,000 to $2.85 million.
Demonstrated how digital nancial services can e ectively serve the unbanked or underserved population by linking with ongoing projects from the ADB operations departments.
Potential pilot projects have been identi ed based on the road map developed:
i. Digitized eld-based loan processing to
increase access to nance rural small and medium-sized enterprises (SMEs) and smallholder farmers in Georgia;
ii. Cloud-based shared platform to support nonbank nancial institutions in Mongolia to digitize and automate customer onboarding and loan underwriting in a cost-e cient way while increasing their outreach;
iii. Project performance of current local government; and
iv. Sector project by applying digitized tax billing and payment system.
In addition, the use of cloud-based core banking technology with a rural bank in the Philippines was piloted through the TA project. The shift is expected to bring a more exible and accurate banking system given the reduced cost, leading to increased operational e ciency, increased convenience for customers, and ultimately boost nancial inclusion.
Activity 5
Action Update: What worked and what didn’t for ADB’s rst innovation regional technical assistance project
5